Factor Endowment Theory (Heckscher-Ohlin model) and PPF (Carbaugh Figure 3.1)
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- Опубліковано 9 гру 2019
- This video illustrates the factor endowment theory, (aka the Heckscher-Ohlin model) and how countries with different endowment can both benefit from trade.
Not every hero is wearing a cap thanx for the powerful explanation
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You are very welcome! Glad that the clips were helpful.
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I came in to this video absolutely confused, and 5minutes later i left as a genius :). Perfect explanation, Thank you!
Glad to help!
Thank you for such a clear description.
Thank you for making these concepts seem much more clear. I'm taking international trade and wish my teacher could explain things like you! Great Job!
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I have watched many lectures videos but I do not have words to admire for such nice explanation in a short time
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Thanx
Thank you very much for your kind words! Much appreciated.
Thank you so much for this video, Iris! It helped me a lot
Glad I could help!
Thank you so much for your explanation! I'm currently in an international trade course and we have a similar problem like this on Cengage, helped so much!
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Hope it helped!
perfect explanation. Thank you
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This is very clear, I finally understand this. Thank you
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You’re welcome. Happy learning!
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Happy to help!
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Thanks for your kind words!
You should be my economist teacher. Thanks a lot.
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Glad to help!
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Great Explanation! Thank you
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Very Well Explained
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nicely explained thank you:)
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it was super helpful. Thank you very much madam.
By the way I have a question.
Why US export 6 and import 6?
I wonder why 6?
Nice class .👍...from India
you are great! THANKS
Glad that it was helpful.
Really good one
Thanks! Please share with those who find economics challenging.
How do we find a good equilibrium point of trade(Point A)
PERFECTTTTTTT thank u very much
You're welcome!
PERFECT!!!!
Glad it was helpful.
thank q Iris
How does the Leontif Paradix apply to this? since the USA is found to be more inclined to specialise in labour intensive rather than capital intensive. Same can be said for China as they are traditionally inclined towards labour intensive but had shifted to more capital intensive goods, how does it apply to both of them? Nevertheless, wonderful explanation! so easy to follow :)
Great question. US goods are skilled-labor intensive, or “human capital intensive”. Think of the capital as human capital. China’s unskilled workers have been replaced by robots. How time changes everything!
Please why only 6 units?
wow this was so easy and fast haha my prof tried to explain it for hours
Perhaps your professor is young? I was like that before too. There’s a learning curve in teaching.
Good
What if they trading each other it will save both problems inequality
International trade is a story about the tide that does not lift every boat. There will be winners and losers in trade. Not everyone will be a winner. See this clip,
ua-cam.com/video/_vdSPqQdb1U/v-deo.html
why is the exportation is 6?
and what if the term of trade changed from 1:1?
The U.S. produces 15 aircraft and ended up consuming 9. Therefore, it must have exported 6 aircraft (15-9=6).
Then it would change the entire picture! However, the new terms of trade must be the slope of the line that passes B and B'
Iris Franz but what decide that the US is going to consume at Point C with 9 units? Why exactly 9 point? That's my question after the trade who to decide the consumption of the country?
Iris Franz and thank you soo much btw, for replying 😊
Thank you so much beautiful girl
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